Condon Drew Associates Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10537067

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,906		22,138

			17,906		22,138
CURRENT ASSETS
Debtors	5	27,344		71,426
Cash at bank and in hand		10,181		22,204

		37,525		93,630
Creditors: Amounts Falling Due Within One Year	6	(39,360 )		(63,576 )

NET CURRENT ASSETS (LIABILITIES)			(1,835 )		30,054

TOTAL ASSETS LESS CURRENT LIABILITIES			16,071		52,192

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,477 )		(5,535 )

NET ASSETS			11,594		46,657

CAPITAL AND RESERVES
Called up share capital	7		101		101
Profit and Loss Account			11,493		46,556

SHAREHOLDERS' FUNDS			11,594		46,657

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Condon Drew Associates Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P Drew

Director

1st October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Condon Drew Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10537067 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% Reducing balance
Office equipment	33% Straight line

2.4. Financial Instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;

Bank loans; and

Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

...CONTINUED

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Condon Drew Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Financial Instruments - continued

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 4)

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Condon Drew Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Motor Vehicles	Office equipment	Total
	£	£	£
Cost
As at 1 April 2025	25,959	26,849	52,808
Additions	-	1,781	1,781

As at 31 March 2026	25,959	28,630	54,589

Depreciation
As at 1 April 2025	5,192	25,478	30,670
Provided during the period	4,153	1,860	6,013

As at 31 March 2026	9,345	27,338	36,683

Net Book Value
As at 31 March 2026	16,614	1,292	17,906

As at 1 April 2025	20,767	1,371	22,138

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	27,344	63,483
Prepayments and accrued income	-	7,943

	27,344	71,426

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	515	88
Corporation tax	16,331	23,726
Other taxes and social security	202	202
VAT	15,499	24,767
Other creditors	224	287
Accruals and deferred income	1,300	1,302
Directors' loan accounts	5,289	13,204

	39,360	63,576

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Condon Drew Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
2,375 Ordinary A shares of £ 0.010 each	24	24
2,375 Ordinary B shares of £ 0.010 each	24	24
2,375 Ordinary C shares of £ 0.010 each	24	24
2,375 Ordinary D shares of £ 0.010 each	24	24
500 Ordinary E shares of £ 0.010 each	5	5

	101	101

The above note does not agree to the authorised share capital by a total of £1 due to A,B,C and D shares being rounded and each being out by £0.25 leaving a rounding difference of £1.

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